Closing down a business entity is something we get asked about every now and then for various reasons. It might be because the business has sold, or it's harder or more expensive than first thought, or another opportunity has come about - whatever the reason there's a few things you need to do to make sure it ends smoothly.

Most businesspeople don't fear growth itself, it's fear of the unknown that tangles their minds. But if you want success, you more than likely need to grow. Tackle growth issues head on and take charge of your situation. Here are some common reasons I see people not taking their business to the next level.

I remember after the last election, someone saying that a capital gains tax had proved so unpopular for Labour they were unlikely to campaign on it again. It's not surprising then, that three years later, Labour is campaigning with the intention of, in all likelihood, introducing a capital gains tax - but doing whatever it can to avoid talking about it.

If someone suggested you pay a few hundred dollars a year more than you have to, to your power company, on the understanding that you will get a refund at the end of the year, you would probably think they were mad.

Companies are among the most popular structure for a business. Forty thousand are formed a year and just over 540,000 are registered with the companies' office.
They have a lesser tax rate than the top personal tax rate, limited liability and you can change the ownership with a form so it's no wonder they are popular.

Over the years I've had clients who were investigated by the Inland Revenue Department following anonymous tip-offs.
Some of them were false alerts, and some cases could be chalked up to disgruntled ex-employees seeking revenge on their former employer.

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Testimonials

If we had to sum up Brent and the team at Plus CA it would be - humorous, efficient, professional with a real focus on making your money work to its best ability for you...we will continue to deal with them even though we are moving overseas as we know they have our best interests at heart.

— Lynn Logo Mojo

Jeremy thank you for your patience, assistance and general chit chat over the years. I would have absolutely no issue in recommending your services to everyone and anyone – in fact, I do.

— Diane Crawford-Errington

We recently employed Jeremy Tauri of Plus Chartered Accountants and have been thrilled with the improved service we have received. Jeremy is really approachable and always available to answer queries. At his instigation we have set up quarterly meetings so that we are regularly reviewing our business and avoiding any ‘end of year surprises’.